Cambridge Public Library Foundation Inc

Analysis

Cambridge Public Library Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cambridge Public Library Foundation Inc reported income of $714k and spending of $399k, leaving 44% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $583k to $714k (+22%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cambridge Public Library Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Gray Matter Experience ($714k), Hoag Library of the Swan Library Association ($714k) and Friends of the San Diego Public Library the ($714k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $127k. At year end it held assets of $2.4m against liabilities of $15k, net assets of $2.4m. It reported 2 employees.